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There are many digital assets on the Celo chain

1. cREAL: Along with cUSD and cEUR, it is a native fiat-pegged stablecoin of Celo, specifically pegged to the Brazilian real, and is an important part of Celo's stablecoin matrix that adapts to different regional markets, suitable for daily payments and cross-border settlement scenarios in Brazil and surrounding trade-heavy areas.


2. cMCO2: It is a carbon credit token and one of the diversified assets in the Celo reserve pool. As a tradable asset related to carbon neutrality, it aligns with Celo's positioning as a carbon-neutral blockchain, adapting to regenerative finance scenarios, and can meet the on-chain carbon offset trading needs of institutions or individuals with emission reduction requirements.


3. WETH: Utilizing Celo's Dango testnet-enhanced cross-chain bridging capabilities, WETH can be seamlessly transferred between Celo and Ethereum. The integration of this token not only enhances interoperability between the two ecosystems but also provides Celo chain users with more DeFi operation scenarios linked to Ethereum ecosystem assets.


4. DAI: As a mainstream decentralized stablecoin, DAI is part of the Celo stablecoin reserve pool, used to bolster reserve assets to ensure the peg stability of native stablecoins like cUSD. At the same time, it can also adapt to payment, lending, and other DeFi scenarios on the Celo chain, enriching users' stablecoin options.

The rise of privacy coins and privacy attribute blockchains is primarily the result of a surge in on-chain privacy demand, resonating with multiple factors such as institutional support.

1. The core catalyst is the on-chain asset tracking incident: In October 2025, the U.S. Department of Justice seized 127,000 bitcoins (worth $15 billion) from the Prince Group, which made the crypto community realize that the transparent ledgers of mainstream coins like Bitcoin had become a vulnerability. Meanwhile, ZEC uses zero-knowledge proof technology to hide the identities and amounts of both parties involved in transactions, and Mina also emphasizes privacy protection, aligning perfectly with the market's core demand to hedge against the risks of asset investigations.


2. Institutional actions and endorsements from big players add momentum: Grayscale not only increased its holdings of ZEC but also reopened its investment channels, injecting confidence into the market with institutional capital; Silicon Valley moguls have even defined ZEC as "an asset insurance against the transparency risks of Bitcoin," significantly raising the market's attention to the privacy sector.


3. The previous low performance of the sector laid the foundation for the rise: Privacy coins had experienced a three-year downturn due to the delisting from some exchanges, leading to a concentration of chips in the hands of a few holders. When privacy anxiety hits, even a small amount of capital can trigger a price increase, creating conditions for a market explosion.

Moreover, the urgency of privacy demand emphasized by a16z crypto aligns with the current trend of cryptocurrencies penetrating mainstream markets. With global regulatory upgrades in tracking technology for blockchain assets, privacy coins have gradually transformed from niche demands into targets for hedging regulatory risks. However, this sector still faces uncertainties such as regulatory scrutiny, making investment risks relatively high.

Can AVAX potentially surpass Ethereum?

AVAX has significant advantages in trading performance, decentralization, and its ecosystem is expanding rapidly. However, Ethereum's ecosystem scale, network effects, and industry position are extremely solid, making it difficult for AVAX to 'surpass' Ethereum in the short term. In the long term, there are certain variables, and it is entirely possible for AVAX to surpass Ethereum.

1. AVAX's core advantages and growth potential: AVAX has obvious technical and recent development advantages. The Avalanche 9000 upgrade in November 2025 reduces L1 deployment costs by 99.9%, and the minimum Gas fee on the C-Chain decreases by 96%; the C-Chain TPS reaches 4500, with transactions completed in 15 seconds to 1 minute, and the average transaction fee is only $0.06. Its decentralization score also exceeds Ethereum's with a score of 55 compared to Ethereum's 43. At the same time, its ecosystem's growth rate is astonishing, with a net locked value in DeFi increasing by 354.64% in the past three months, and it attracts developers with a $40 million rewards program and $250 million in financing. Collaborations with FIFA, Microsoft, and others also broaden application scenarios, and the subnet architecture can avoid network congestion and adapt to customized needs.

2. Core barriers that are difficult for Ethereum to shake: As the pioneer of smart contracts, Ethereum occupies a first-mover advantage, currently having over 3000 active DApps, with a TVL of $86 billion, about twice the corresponding scale of AVAX. A large number of projects and users in fields such as DeFi and NFTs create a strong network effect. Moreover, Ethereum's ongoing 2.0 upgrade and its L2 scaling strategy are steadily being implemented, continuously optimizing speed and transaction fee issues. The completeness of its ecosystem and the maturity of its developer community are challenges that AVAX cannot surpass in the short term, making it always the ecological core of the Web3 field.

The OP Stack architecture promotes the Superchain vision, with low transaction costs, and the Bedrock upgrade optimizes confirmation times and data costs, facilitating developers to migrate DApps.

The ARB ecosystem is mature, with over 3000 DApps and a leading TVL in the L2 market. The AnyTrust technology can also raise TPS to 100,000, catering to various scenarios of general use and high throughput.

Celo focuses on mobile-first and inclusive finance, supports phone number wallet binding, has a complete stablecoin ecosystem, and a large user base in emerging markets, recognized by Vitalik.

XRP's advantage is that cross-border transactions settle in 3 - 5 seconds with extremely low fees, and it has been integrated by over 200 financial institutions, with a mature institution-level cross-border payment solution;

XLM excels with nearly zero costs, connecting traditional finance and the crypto world through an anchor mechanism, suitable for small payments in emerging markets and solidly landing in inclusive financial scenarios;

Celo offers a convenient experience of transferring money using a mobile phone, with various stablecoins and sufficient reserves ensuring value stability, making it highly adaptable in inclusive financial scenarios.

Under the dual impetus of the RWA tokenization explosion and institutional capital entry in 2025, Stellar (XLM) and Celo, two established payment public chains, have made strong progress through technical upgrades and ecological expansion, becoming the core beneficiaries in the resurgence of the payment public chain narrative.

1. Stellar (XLM): This public chain experienced rapid development in 2025, achieving both ecological and performance gains. Technically, it completed the Protocol 23 upgrade in the third quarter and deployed Whisk, bringing significant improvements to the network. The number of smart contract calls surged by 700% month-on-month, with smart contract transaction volume exceeding 100 million in August; at the same time, it adopted the ISO 20022 cross-border payment standard to meet international financial messaging needs. Ecologically, the PYUSD stablecoin landed on its network in September, and Circle's CCTP V2 has also been launched, accelerating ecological development through a partnership with Pantera Capital. The network's risk-weighted asset scale reached $5.4 billion and also supports tokenized assets such as Franklin Templeton's $445 million U.S. Treasury bonds. Additionally, its total locked value reached a historical high of $152.11 million in August, with the number of accounts exceeding 9.69 million; however, the over 1 billion XLM in circulation on exchanges also hides a risk of sell-off.


2. Celo: It successfully rejuvenated itself through its transformation to L2 and received recognition from Vitalik Buterin. In March 2025, it completed the migration to Ethereum L2, adopting the Optimism OP Stack architecture combined with EigenDA, reducing block time from 5 seconds to 1 second and lowering transaction costs by 92%. Ecologically, it not only deployed USDC and USDT, supporting both for Gas fees, but also issued 8 regional stablecoins, accumulating over 2 million users in regions such as Africa through the Opera MiniPay wallet; in August, its DeFi TVL surpassed $500 million, with monthly stablecoin transaction volume reaching $1.7 billion, and the price rebounded from $0.25 to $0.34, with previous tweets from Vitalik driving a short-term price surge of 22.3%.

What stablecoins are on the Celo chain? Are they recognized by issuers?

The Celo chain has various local stablecoins issued within its ecosystem, as well as mainstream stablecoins like USDC and USDT, all of which are recognized by their respective issuers. The local stablecoins are backed by the Mento protocol of the Celo ecosystem.

1. Local stablecoins: All issued through the Mento protocol, maintaining a 1:1 peg with corresponding fiat currencies through algorithmic adjustments and over-collateralization. Key currencies include cUSD (pegged to the US dollar), cEUR (pegged to the euro), and cREAL (pegged to the Brazilian real) for global use cases; as well as cNGN (pegged to the Nigerian naira) and cKES (pegged to the Kenyan shilling) focused on regional markets, catering to the payment and remittance needs of different emerging markets.


2. Mainstream foreign stablecoins: All officially recognized and deployed by their issuers. USDC is deployed to the Celo mainnet by Circle; USDT was launched after a collaboration between Celo and Tether, and the total authorized amount of USDT on the chain has exceeded 470 million USD. Both stablecoins also support gas fee payments on the Celo chain.

Additionally, these stablecoins have partnered with over 1000 partners, adapting to wallet payments, cross-border remittances, and other scenarios in regions such as Africa and Latin America, further validating their recognition at the application level.

What will Celo look like after its migration to Ethereum Layer 2 in 2025?

1. Technology and Ecosystem: After migrating to Ethereum Layer 2 in March 2025, Celo's block confirmation time has been compressed from 5 seconds to 1 second, and transaction costs have dropped by 92%. It also supports interactions across six major mainstream networks. Its 'phone number mapping public key' design has served 20 million users, with a cumulative transaction scale exceeding $1.5 billion. In terms of ecosystem, in addition to cUSD, various local stablecoins such as cREAL and cNGN have been issued. By Q3 2025, DeFi locked assets reached $800 million, and it has connected with the Deutsche Telekom payment network, with cross-chain transaction volume increasing by 320% year-on-year.


2. Team and Background: A16Z continues to invest heavily, primarily valuing its positioning as a 'mobile-first global payment layer.' Currently, the Celo open-source community has accumulated over 4 years, and in 2025, the number of newly registered developers increased by 300% year-on-year, with the influence of the ecosystem alliance further radiating to regions such as Africa and Southeast Asia.


3. Market Performance: As of November 16, 2025, the price of CELO is $0.2606, with a market cap of $150.11 million, and a decline of 20.12% over the last 30 days. Previously, its price rebounded to $0.34 in August 2025, while the current market cap is only 3.5% of the peak value in 2021. Some predictions suggest that by the end of 2025, its users may surpass one million, indicating potential for valuation recovery, but some institutions predict its average price in 2025 will be approximately $0.2509, remaining volatile in the short term. There are also forecasts that the price will rise to $1 in 2026.

What will Celo look like after its migration to Ethereum Layer 2 in 2025?

1. Technology and Ecosystem: After migrating to Ethereum Layer 2 in March 2025, Celo's block confirmation time has been compressed from 5 seconds to 1 second, transaction costs have dropped by 92%, and it supports interaction across six major mainstream networks. Its "phone number mapping public key" design has served 20 million users, with a cumulative transaction volume exceeding $1.5 billion. In terms of ecosystem, in addition to cUSD, various local stablecoins such as cREAL and cNGN have also been issued, with DeFi locked-up volume reaching $800 million in Q3 2025, and it has connected to the Deutsche Telekom payment network, with cross-chain transaction volume surging by 320% year-on-year.


2. Team and Background: A16Z continues to heavily invest in it, with a core focus on its "mobile-first global payment layer" positioning. The current Celo open-source community has accumulated over 4 years, and the number of new developer registrations in 2025 has increased by 300% year-on-year, with the influence of the ecosystem alliance further radiating to regions such as Africa and Southeast Asia.


3. Market Performance: As of November 16, 2025, the price of CELO is $0.2606, with a market capitalization of $150.11 million, and a decline of 20.12% over the past 30 days. Previously, its price rebounded to $0.34 in August 2025, while the current market cap is only 3.5% of its peak value in 2021. Some forecasts suggest that by the end of 2025, its user base may exceed one million, indicating potential for valuation recovery, but some institutions predict its average price in 2025 will be around $0.2509, with short-term volatility still present. Others predict that by 2026, the price will rise to $1.

When is the RVN coin halving in 2026?

The RVN coin (Ravencoin) does not have a fixed date down to the day for its halving in 2026, with slight differences in predictions across different platforms.

The cryptocurrency data platform ASIC Miner Value once predicted that this halving might occur on January 5, 2026.


Other information indicates that the halving is expected to happen in early 2026, as RVN coins halve every 2.1 million blocks, with a block produced approximately every minute, resulting in a cycle of about 4 years. However, the speed of block production is influenced by the total network hash rate, which can lead to slight fluctuations in the halving time.


In summary, while there is no fixed date for the RVN halving, it will certainly take place in January 2026. The halving is a significant boost for the value of RVN digital assets.

How likely is GHST to become a dark horse in the gaming industry?

GHST has a certain probability of becoming a dark horse in the GameFi sector, possessing short to medium-term speculative potential and the ability to lead the way in the long term.

1. Continuous deepening of ecological gameplay innovation: GHST is not just sticking to its original gameplay. In 2024, while advancing multi-chain layout, it plans to deploy the token on the dedicated Base security Layer 3 solution Gotchichain. With strong quarterly returns expected from the Aave ecosystem in 2025 and active protocol activities, this can bring more traffic and resource tilt to the Aavegotchi game ecosystem, providing stronger support for GHST's gaming and governance functions.


2. Upgraded strong ecological and resource advantages: On one hand, in 2021, Aave had planned to use GHST as collateral for lending, and GHST had already reached Aave's risk assessment B-level standard at that time. Now, with the resurgence of Aave's ecosystem, its DeFi application scenarios may further expand; on the other hand, in 2025, the Base chain, with advantages like 200 milliseconds block time and over $1.6 billion TVL, has become a popular L2, and comes with a traffic pool of 110 million users from Coinbase. GHST had previously launched on the Base chain and built liquidity foundations, and it also plans to create a liquidity pool on Base's DEX, which can further enhance trading liquidity and user reach by leveraging the ecological dividends of Base.


3. Stronger adaptability to market trends: With the rise of on-chain game development in ecosystems like the Base chain in 2025, there is an opportunity for the GameFi sector to rebound. As GHST is a token linked to on-chain gaming and NFTs, it inherently meets the needs of the sector. Coupled with its historical explosive growth potential, once funds flow back into the sector, it is more likely to be a preferred choice for funding compared to other tokens lacking a precedent for explosive growth.

The largest digital assets on the ACA chain and Celo chain are their stablecoins.

1. ACA chain: Its core stablecoin is aUSD, which is the first decentralized cross-chain multi-asset collateralized algorithmic stablecoin in the Polkadot ecosystem, with a circulation of about 120 million coins and a market value of 117 million USD in August 2025. Its native token ACA has a market value of about 35 million USD during the same period, far lower than aUSD. Moreover, aUSD is the core asset for on-chain DeFi trading, cross-border payments, and other scenarios, with liquidity and application breadth far exceeding that of the ACA token.

2. Celo chain: Its stablecoin ecosystem is centered around cUSD (USD stablecoin), and also includes various regional stablecoins such as cEUR and cREAL. In the statistics of total circulation of stablecoins on the chain in August 2025, the circulation of cUSD alone has a significant scale, and the daily trading volume of stablecoins including USDC and USDT accounts for 63% of the total trading volume on the chain. In contrast, its native governance token CELO had a market value of only about 209 million USD during the same period in 2025, and the application of stablecoins in cross-border payments, small and medium enterprise financing, and other scenarios gives them a value weight in the ecosystem that far exceeds that of CELO.

What digital assets are available on the Celo blockchain?

1. USDT/USDC: According to the Dango testnet launched by Celo in 2024, this testnet enhances the ERC - 20 token bridging capabilities and further improves the payment experience of these two stablecoins through fee abstraction. After connecting to the second layer mainnet of Celo, its transaction efficiency and cross-chain convenience will also improve.


2. WBTC: In addition to the Superbridge protocol, Celo's Dango testnet has also optimized the bridging capabilities of tokens like WETH with Ethereum, making the cross-chain transfer of Celo Bridged WBTC more seamless, and improving the asset circulation efficiency when connecting to DeFi applications.


3. ANKR/C98/AUTO: ANKR is not only suitable for trading scenarios, but it can also provide multi-chain RPC services, having processed up to 2.1 trillion RPC requests in a year. This allows it to support infrastructure for on-chain applications in the Celo ecosystem beyond just trading. However, as of October 2025, Coinbase shows that the market value of ANKR has significantly dropped to 21,300 Singapore dollars, a considerable gap from 136 million dollars, possibly due to the market's extreme fluctuations impacting market value data.


4. SUSHI: The application of SUSHI within the Celo ecosystem has been further refined. Users can not only participate in liquidity mining and governance with it but can also stake SUSHI to earn xSUSHI. xSUSHI can be used as collateral in other protocols and can also participate in lending scenarios through Sushi's Kashi module, enhancing asset yields through ecosystem collaboration.


5. CELO/cUSD/cEUR: The dual-token collaborative mechanism of CELO is worth mentioning. It can assist in stabilizing the pegged prices of cUSD and cEUR by adjusting its own supply and demand. The Dango testnet allows CELO to support local operations and interact through the ERC - 20 interface, enhancing flexibility and indirectly providing stronger support for the stable operation of the two stablecoins.


6. DIA/BIFI: Currently, there is no further public information indicating that these two tokens have made scaled progress in the Celo ecosystem. It is speculated that they will exist in the form of a small amount of testing assets in the short term, and their application expansion will likely rely on further expansion of the DeFi scenarios within the Celo ecosystem.


7. Pool: Not a digital asset, but a liquidity funding pool. For example, after users inject assets into the trading pool between cUSD and USDC, they may receive corresponding DEX platform rewards in addition to basic returns. The low transaction fees of Celo can further reduce users' cost losses in pool operations, enhancing actual returns.

What are the differences between stablecoins on the ACA chain and stablecoins on the Luna chain?

The stablecoin on the ACA chain (Acala network) is aUSD, while the core stablecoin of the Luna's Terra chain is UST. The key differences between the two focus on the issuance mechanism, stability logic, and other aspects.

1. Issuance and collateral mechanism: aUSD is a cross-chain multi-asset over-collateralized stablecoin that supports DOT, LDOT, and cross-chain assets like BTC and ETH as collateral. After the upgrade in 2025, the lower limit for the collateral ratio will drop to 130%, with no fixed issuance amount, dynamically increasing or decreasing with collateral demand. UST is an uncollateralized pure algorithmic stablecoin, with no physical collateral assets, relying on the minting/burning mechanism with Luna for issuance. To mint 1 UST, it requires burning $1 worth of Luna, and conversely, UST can be exchanged for $1 worth of Luna.


2. Price stability logic: aUSD relies on an automatic liquidation system and dynamic stability fees to maintain its value. When the value of collateral falls below a threshold, on-chain bots will automatically liquidate and auction the collateral, and the stability fee can adjust supply and demand, maintaining its deviation from the dollar within ±0.3% by 2025. UST relies on an arbitrage mechanism for stabilization. When the price of UST deviates from $1, users can arbitrage through a 1:1 exchange of Luna and UST, indirectly bringing back the price. However, this model heavily depends on market confidence and collapsed in 2022 due to a bank run.


3. Ecological and cross-chain characteristics: aUSD is based on the Polkadot XCM protocol and can cross-chain to networks like Kusama and Ethereum. It is a core asset of the Polkadot ecosystem, widely used in DeFi trading, cross-border payments, and has established enterprise-level collaborations with companies like Deutsche Telekom. UST once relied on the Terra ecosystem. Although it supports cross-chain to Ethereum, its applications were mainly concentrated within the ecological DeFi protocols. The old chain UST has been discontinued following the ecosystem collapse, and the new Terra chain has also abandoned the algorithmic stablecoin model.


4. Governance model: aUSD is governed on-chain by ACA token holders, who can vote to adjust key parameters like collateral ratios and stability fees, as well as add new types of collateral assets. UST's governance relies on Luna holders delegating validators to participate, focusing on network transaction rules, with much less room for adjustment in the stability mechanism compared to aUSD.

The greatest value of ORDI lies in its scarcity.

The scarcity of ORDI is the core value pillar, shaped by various factors including technological design, issuance mechanism, and market consensus.

1. Total supply strongly bound to Bitcoin: The total issuance of ORDI is fixed at 21 million coins, completely aligned with Bitcoin's total supply, naturally binding the consensus of Bitcoin's scarcity, allowing investors to form the perception of "Bitcoin ecological twin assets," creating a resonance of scarcity. It has no pre-mining or private placement, and its issuance is fair, avoiding abnormal supply caused by centralized institutions controlling the market.


2. Bitcoin network limits supply: It is issued based on the BRC - 20 protocol of the Bitcoin network, while a single Bitcoin block space is only 1MB - 4MB. The engraving of ORDI occupies block space, resulting in extremely low issuance efficiency; at the same time, minting also requires consuming Bitcoin transaction fees, which increase as demand rises, further raising the issuance threshold, technically eliminating the possibility of rapid inflation.


3. Highly scarce circulating chips: On-chain data shows that about 40% of ORDI is in a long-term inactive state, and long-term locking means that the actual tradable chips are far below the total of 21 million coins. Moreover, its trading volume is concentrated on major exchanges, and with limited circulating supply, large buy orders can easily push prices up, highlighting the scarcity premium.


4. Leading ecological position strengthens scarcity consensus: As the first BRC - 20 token, ORDI is the starting point for the tokenization of the Bitcoin ecosystem, long occupying about 50% of the total market value of the BRC - 20 sector. This irreplaceable benchmark attribute leads the market to regard it as the scarce core target of the Bitcoin ecosystem. Even if a large number of BRC - 20 tokens emerge later, its leading scarcity remains unshaken.

However, the value of ORDI cannot be attributed solely to scarcity; it also relies on the security of the Bitcoin network, the first-mover advantage as a leading BRC - 20, and other important value supports. Its scarcity depends on the development of the Bitcoin ecosystem and also faces risks such as protocol iterations and regulatory policies; thus, its value is not determined solely by scarcity.

GHST token has three core potentials to become a dark horse

GHST has the core potential to become a dark horse:


Firstly, the ecological gameplay is innovative, being the first major NFT protocol on Polygon. The flagship game Gotchiverse allows players to explore and battle using Aavegotchi NFTs, and has designed various auxiliary tokens and a unique Gotchi lending model. Additionally, GHST can be used to purchase in-game virtual pets, land, etc., while also serving governance functions, enabling holders to participate in ecological decision-making;


Secondly, backed by a strong ecosystem and resources, relying on Aave's ecosystem has solid DeFi genes, receiving support from Aave's founder as an advisor. It has also launched on the Base chain and listed on major exchanges such as Binance and Coinbase, ensuring trading liquidity;


Thirdly, there are precedents for market outbreaks, with historical instances of a 24-hour increase exceeding 70% and breaking 3.4 USDT. Once the NFT or GameFi sector warms up, it is likely to attract funds to drive its price up.

Bitcoin is down now, altcoins are no longer down

In November 2025, Bitcoin experienced a significant drop, while altcoins that usually follow Bitcoin's decline no longer synchronized with it. This situation is mainly caused by the following reasons:

1. Some altcoins have independent value support: Some high-quality altcoins may have recent technological breakthroughs, new application scenarios, or important collaborations behind their projects, forming a value logic independent of Bitcoin. For example, altcoins that adopt deflationary models and have real staking lock-up mechanisms can withstand market selling pressure and maintain price stability even when Bitcoin drops.


2. Capital diversion and market rotation effect: Bitcoin's recent decline may be due to independent factors such as portfolio adjustments or ETF fund changes, rather than systemic risks in the entire cryptocurrency market. After some funds flow out of Bitcoin, they did not exit the cryptocurrency market but instead flowed into undervalued altcoin sectors with narrative hotspots, supporting their prices from dropping.


3. Stable chip structure of altcoins: Some altcoins are concentrated in the hands of long-term holders or project parties, and there is no significant unlocking selling pressure. Unlike previous market panic situations where retail investors concentrated on selling, their trading platforms are relatively stable. Even if Bitcoin drops, it will not trigger a price collapse due to large sell orders.


4. Previous declines have fully released risks: Around November 12, mainstream altcoins like Zcash and Filecoin have already shown double-digit leading drop trends. After significant prior adjustments, most selling pressure has been released in advance. When Bitcoin subsequently declines, altcoins tend to stabilize in price due to the lack of excessive panic selling.

Who is the leader of inscriptions, Ordi or SATS?

Ordi and SATS each have core advantages in the field of Bitcoin inscriptions, making it hard to claim an absolute leadership. However, from the perspective of foundational ecology and technical benchmarks, Ordi is the core benchmark of the inscription track, while SATS is a popular force driven by the community. The specific differences are as follows:

1. Ordi: The 'pioneer and technical benchmark' of the inscription track. It is the first BRC - 20 token, validating the technical feasibility of issuing fungible tokens on the Bitcoin chain, and can be regarded as the 'founder' of the inscription ecosystem. Its design of a scarce total supply of 21 million pieces aligns with the logic of the Bitcoin ecosystem, and there is no pre-mining or private placement, with early minting being completely decentralized. At the same time, Ordi has forced optimizations in inscription infrastructure like the UniSat Indexer and attracted a large amount of on-chain trading liquidity, with its market value fluctuations often influencing the capital flow of the entire inscription sector, making it a long-term benchmark asset in the BRC - 20 ecosystem.

2. SATS: The 'popular potential stock' driven by the community. It uses the smallest unit of Bitcoin, 'Satoshi', as its symbol, has significant meme attributes, and has over 49,000 holding addresses, making it one of the tokens with a large user base in the BRC - 20 ecosystem, with strong community cohesion. It has once surpassed Ordi in market value due to explosive growth and has been chosen by the UniSat wallet as the transaction fee token for BRC - 20 Swap, playing a role in liquidity incentives in the second-layer network, gradually transitioning towards a tool-like token. However, the massive supply of 21 trillion pieces poses a risk of value dilution, and its market value fluctuations are relatively more severe.

In summary, if defining leadership based on ecological foundation and technical benchmarks, Ordi's position is more solid; if considering community enthusiasm and short-term market value explosion, SATS performs brilliantly, and both support the development of the BRC - 20 inscription ecosystem together.